Posts from ExecutiveBiz for 06/25/2015

General Atomics Gets $121M Modification on Gray Eagle UAS Production Contract with Army

General Atomics has received a $121.4 million contract modification from the U.S. Army to build Gray Eagle unmanned aircraft systems and satellite data terminals. The award covers production of 19 Gray Eagles and 19 satcom terminals and is a modification to a potential $200 million contract the company was awarded in September 2013, the Defense Department saidTuesday…

Drone Aviation to Provide L-3 Comm Package for BAE’s Aerostat Upgrade Contract

BAE Systems has selected Drone Aviation Corp. to provide parts and services for the upgrade of two Winch Aerostat Small Platform systems of the U.S. Army‘s Space and Missile Defense Command Battle Lab…

Rolls-Royce Secures $100M Contract for Air Force Turbine Engines Program

Rolls-Royce‘s North American technologies business has secured a potential $100 million contract to develop and upgrade turbo-propulsion engines for the U.S. Air Force’s fleet under phase III of the Versatile Affordable Advanced Turbine Engines program…

L-3 Awarded $95M Contract to Help Train Saudi Arabian AF

An L-3 Communications (NYSE: LLL) business unit will provide air operations center training for the Saudi Arabian air force under a $95 million foreign military sale contract with the U.S. Air Force. The Defense Department said Wednesday L-3 National Security Solutions will perform work for the indefinite-delivery/indefinite-quantity contract in Saudi Arabia through June 23, 2020…

Lockheed Awarded $480M for C-130J Aircraft System Upgrades

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 15-year, $480 million contract to provide follow-on research and development services for the C-130J aircraft upgrade program. The Defense Department said Wednesday that Lockheed will also help enhance systems of the military transport aircraft under the sole-source contract…

Malloy Aeronautics to Build US Military Hoverbikes; Grant Stapleton Comments

Malloy Aeronautics has entered into a deal with the Defense Department to develop a hoverbike prototype in collaboration with defense research and development firm Survice, Reuters reported Monday. Jim Drury writes development work under the project to take place in Maryland…